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Wednesday tips round-up: Britvic, Mothercare, BG

Wed, 15th Jul 2009 06:37

The sun shines, ergo, the drinks companies do rather nicely. When the group in question, Britvic, owns the Robinson squash brand and Wimbledon turns out to be more entertaining than usual, you would expect it to release good news to the market. Britvic is likely to have a good time of it over the next 12 months, and the Independent would take a punt on the market catching up at a later date. Buy.Britvic shares are now trading on a September 2009 earnings multiple of 11.5 times, falling to 10.4 times next year. With analysts expected to upgrade their forecasts, the current multiple will fall as consensus forecasts rise. The shares are also yielding 4.4%, which is well worth having. Shares in Britvic remain a buy says the Telegraph.Maternity and babywear group Mothercare is one of the exceptions to the gloom in the retail sector. The company's first-quarter trading update should be strong. In total, the company has seen 15 consecutive quarters of like-for-like growth, a remarkable performance in any business, especially given the current market conditions. A current year earnings multiple of 16 is deserved and falls to 14.7 in 2011 then 13.9 in 2012 on growth estimates. Buy says the Telegraph.If you look at a graph of oil explorer Melrose Resources' performance, it ebbs and flows pretty much in line with the price of the black stuff. An equity to raise £11.2m will speed up the drilling of its Kaliakra appraisal well in Bulgaria and its Egyptian field development. It is its Bulgarian gas projects, however, that are really exciting. The shares might do little beyond the oil price, but the yield is among the best in the sector. Buy says the Independent.Bookies are proving relatively resilient in the recession, which is good news for the betting industry technology company Alphameric. Joe Lewis, the super-rich investor who also has a stake in Ladbrokes, has been increasing his stake - a fact that is worth watching closely. The valuation, at 9.8 times this year's forecast earnings, is undemanding, and the yield, at 5.5%, is good. Buy says the Independent.Forget the nags. Shares in Alphameric, which beams live racing footage into bookies' shops, have proved the better bet this year ? more than doubling since January. The problem is that the next batch of UK media rights do not come up for grabs until late 2011, meaning that Alphameric has limited short-term scope to extend its reach to other racecourses. Meanwhile, bookies are deferring spending on new IT systems ? Alphameric's other business ? amid the consumer downturn. The shares have run far enough for now. Pass says the Times. Yesterday, BG took delivery of its first cargo of liquefied natural gas (LNG) to its newly commissioned Dragon terminal in Milford Haven. Meanwhile, BG last month secured a foothold in US shale gas through a $1.3bn joint venture. Further clarity on BG's progress, together with an update on its Tupi deepwater discovery in Brazil, should come with first-half results on July 29. At £10.03, or 15 times earnings, hold on says the Times.Marine services group James Fisher has not been immune from recession: its coastal tankers (which ship oil from refineries to local depots) have suffered from lower volumes. However, any weakness should be more than offset by growth elsewhere while, after an 18-month hiatus, Fisher is well placed to make bolt-on acquisitions. At 401p, or nine times earnings, buy on weakness says the Times. Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.
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25 Feb 2010 05:54

Thursday tips round-up: Henderson, Moneysupermarket, Melrose

Investors have applauded Henderson's New Star deal, more than doubling the share price from 50½p in January 2009 to yesterday's close of 122.1p. The price has eased since January amid predictions of a forthcoming market correction and renewed worries that a double-dip recession will weaken consumer

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24 Feb 2010 10:31

Oil production rise cheers Melrose

Shares in Melrose Resources gushed higher after the oil and gas explorer and producer gave an update of its daily production in 2009 that was slightly ahead of guidance. Output during the year amounted to 38.6m barrels of oil a day (Mboepd), compared with guidance of 38.5Mboepd. This is an 8.6% in

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24 Feb 2010 10:13

FTSE 250 movers: Melrose oil production impresses

Shares in Melrose Resources gushed higher after the oil and gas explorer and producer gave an update of its daily production in 2009 that was slightly ahead of its latest guidance. Output during the year amounted to 38.6m barrels of oil a day (Mboepd), compared with guidance of 38.5Mboepd. Price co

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17 Dec 2009 16:34

London close: Banks spooked by higher capital call

Banks sank on a call for tougher capital requirements and coupled with a weak mining sector it meant a poor day in London. Lloyds Banking took a pasting, while Standard Chartered and Barclays were also among the worst performers. The Basel Committee of central bankers and supervisors called for st

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17 Dec 2009 13:55

London afternoon: Barclays hit by lawsuit

Footsie remains deep in negative territory, and with US markets set to open lower, there is no prospect of a boost from Wall Street. Banks and miners are responsible for much of the blue-chip index's fall. Lloyds Banking is leading the fallers, while Standard Chartered and Barclays are also among t

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19 Nov 2009 06:12

Thursday tips round-up: Capita, Mothercare, Vodafone

It is too soon to tell whether the City's underlying fear ? that Capita's years of consistent double-digit growth are ending ? will be realised. However, in the interim, professional investors may prove unwilling to pay 721¾p, or 17 times 2010 earnings, if that trajectory is in doubt. For that reaso

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18 Nov 2009 16:33

London close: Flat finish for FTSE 100

There was no shortage of market moving news today, but with stocks moving in both directions, Footsie finished little changed. It was day for high profile board room appointments, with the share prices of Marks & Spencer and ITV both responding well to an end to uncertainty over leadership issues.

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18 Nov 2009 14:05

London afternoon: Hershey & Ferrero size up Cadbury

It has been a day for high profile board room appointments, with the share prices of Marks & Spencer and ITV both responding well to an end to uncertainty over leadership issues. Retailer Marks & Spencer (M&S) has poached Marc Bolland, chief executive of supermarket chain Morrisons, to be its new b

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18 Nov 2009 12:02

London midday: Market cheers M&S appointment

Retailer Marks & Spencer (M&S) moved to the top of the news agenda this morning after it announced it has poached Marc Bolland, chief executive of supermarket chain Morrisons, to be its new boss. While Marks & Spencer's shares responded positively to the appointment, shares in Morrisons fell back o

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18 Nov 2009 08:48

London open: Early gains for Footsie

London's top stocks have opened higher following yesterday's drop, which brought a 4-day winning streak to an end. Troubled broadcaster ITV has confirmed the appointment of former Tory party MP Archie Norman as its new non-executive Chairman. He will take up the role in January 2010, when current e

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18 Nov 2009 07:33

London pre-open: Shares to turn positive again

London's top stocks are expected to open around 10 points higher following yesterday's drop which brought a 4-day winning streak to an end. Troubled broadcaster ITV has confirmed the appointment of former Tory party MP Archie Norman as its new non-executive Chairman. He will take up the role in Jan

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18 Nov 2009 07:02

Melrose ups production forecast

Oil and gas firm Melrose Resources has raised its estimate of average daily production for the year after a productive third quarter. Production in the third quarter was around 25% higher than in the third quarter of 2008, reflecting high output from the company’s existing Egyptian fields and also

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9 Nov 2009 13:48

FTSE 250 movers: IMI motors higher

Shares in IMI have jumped after the engineer said it expects earnings this year to come in "materially higher" than previously forecast as higher margins have offset a sharp fall in revenues. JKX Oil & Gas is higher after saying oil and gas production levels were both higher in the third quarter. T

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6 Nov 2009 08:35

Melrose gets approval for Bulgarian gas field

Melrose Resources said it has received approval from the Bulgarian government to develop the Kavarna gas field, which contains estimated reserves of 24 billion cubic feet. The group said it has also formally received approval from the Romanian National Agency of Mineral Resources to conduct petrole

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17 Sep 2009 12:11

FTSE 250 movers: Broker boost lifts Easyjet

Easyjet is flying high after Morgan Stanley lifted its rating on the budget airline to 'overweight' from 'equal-weight'. It also lifted its target price on the group, to 460p from 340p. Among the fallers is building and civil engineering contractor Kier Group, which reported annual pre-tax profit

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